603 Wells St Chicago, IL 60654
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 603 Wells St
- Property type
- Mixed-use properties
Description
Exceptional investment opportunity in Chicago's vibrant River North neighborhood, this mixed-use property boasts an unparalleled location near the Gold Coast. The property comprises two connected buildings situated on two recorded lots, totaling 56x110 feet. One building features a striking greystone facade, housing four apartments on the upper floors. The main level encompasses a restaurant space (currently Bar Cargo), seamlessly integrated with an indoor atrium and a charming back patio atrium. The first floor, originally a garage, has undergone significant renovations and improvements. Currently, the apartments are fully leased, with the restaurant space utilized for storage and office purposes by the tenant. The tenant pays approximately $27,000 per month, covering all utilities and a portion of the property taxes. The property is 100% occupied. For detailed financial information, a non-disclosure agreement is required. This is a rare opportunity to acquire a fully leased, high-performing mixed-use asset in one of Chicago's most desirable locations. The address is 603 N Wells St, Chicago, IL 60654.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6339
- Latitude
- 41.8926
